South Africa’s fintech startup Meerkat have been selected to participate in Catalyst Funds latest cohort to launch their innovative low-cost savings product to the South African market.
Ringier One Africa Media, ROAM Africa and Interview Mocha have signed a partnership agreement to transform the way African organizations recruit talent.
MoneyGram International has partnered with Suez Canal Bank to allow MoneyGram customers from around the world send money directly to the bank accounts of friends and family members in Egypt.
Opportunity2030: The Standard Chartered SDG Investment Map reveals a $197 billion opportunity for private-sector investors in five high-growth markets in Africa.
PwC has released its findings from a review of the voluntary tax reporting for the financial year ending 31 December 2018, of the top 100 companies listed on the JSE.
TradeMark East Africa (TMEA) and the Mombasa County Government inked a US$2.7 million financing deal towards construction of the Mbaraki-Nyerere Road.
Airtel Africa and Western Union have launched a remittance service to allow customers to send and receive international money transfers from their phones using the Airtel Africa mobile money wallet in India and Africa.
The Republic of Namibia has become the eighth country to ratify the Tripartite Free Trade Area (TFTA) Agreement moving the region closer to having a fully operational Agreement this year.
The Governments of Zambia and Zimbabwe with support from the COMESA Secretariat are planning a joint industrialization programme which will build on the experiences and lessons learned from the existing joint ventures.
Djibouti Telecom, Somtel, Telkom Kenya and SubCom have announced the landing of the Djibouti Africa Regional Express 1 (DARE1) submarine cable system at La Siesta Beach – Djibouti.
The Nigerian Government has signed an MOU with International Business Machines (IBM) West Africa, for partnership and collaboration in the area of Digital Skills Development in Nigeria.
The African Airlines Association (AFRAA) and Routes have signed their first formal agreement in history.
CMC Networks and Neutrona Networks to provide cloud network services in Africa, Middle East and Latin America
CMC Networks and Neutrona Networks, have reached an exclusive agreement to bring the benefits of additional scale and capabilities for customers doing business in Africa, the Middle East, and Latin America.
ZTE and MTN Uganda have jointly launched the first 5G SA network in Uganda and the first in East Africa.
The Vice President of Ghana launched a digital Command and Control Centre for Bulk Road Vehicle and an Electronic Cargo Tracking System to be run by the National Petroleum Authority (NPA).
MTN has partnered with the International Organization for Migration (IOM) – enabling returning migrants to use its mobile money service MoMo to re-establish their livelihoods in the country.
The International Trade Secretary announced at the UK-Africa Investment Summit that UK Export Finance (UKEF) has provided financing worth £620 million to support UK exports to Ghana, Zambia, Gabon and Uganda.
Kenya’s President Uhuru Kenyatta has rang the bell to kick off the trading of Kenya’s first green bond at the London Stock Exchange (LSE).
Safaricom has partnered with Ria Money Transfer to empower more than 26 million M-PESA customers to conveniently receive international money transfers from over 20 countries across the world.
Securiport signs deal with the Central African Republic for provision of Civil Aviation and Immigration Security Services
Securiport has announced that a contract has been signed with the Central African Republic for the provision of Securiport’s proprietary Civil Aviation & Immigration Security Services (CAISS).
Total Foundation has joined the Global Road Safety Facility (GRSF) as its newest donor partner.
Ericsson and Microsoft are bringing their connected vehicle expertise together.
[Egypt] Mastercard partners with Levi Strauss & Co to digitize wages of 10,000 garment factory workers
Mastercard has announced a global effort to pay garment factory workers digitally, a pivot from traditional cash payroll, to ensure they receive their hard-earned wages securely and consistently.
Nokia has announced that Angola Cables is trialing Nokia’s Photonic Service Engine 3 (PSE-3) chipset for the first direct optical connection between the USA and Africa.
The African Export-Import Bank has signed a term sheet with Made In Africa Inc. to provide the company with a $190-million facility to finance the acquisition of African Fabric Holdings BV, Netherlands, also known as Vlisco Group.
The Government of Tunisia is collaborating with the country’s mobile operators to develop an SMS-based early warning system to alert citizens at risk of major natural disasters.
BroadReach Consulting has announced that Chris LeGrand will take up the position of Global Group CEO as of 1 February 2020.
The UK is boosting support to female entrepreneurs in Africa, helping them overcome barriers to starting businesses and connecting them to global markets, announces the International Development Secretary Alok Sharma.
Paxful, a global peer-to-peer bitcoin marketplace, has announced its official 2019 growth metrics.
Standard Bank, Africa’s largest banking group by assets, is partnering with the UK Government to sponsor the inaugural UK-Africa Investment Summit, to be held in London on 20 January 2020.
The Board of Directors of Unilever Nigeria has appointed Mr Carl Raymond R. Cruz to the Board as the Managing Director, effective 1 February, 2020.
KfW, on behalf of the Federal Ministry for Economic Affairs and Energy (BMWi), has launched the Africa CIRR export financing programme, which aims to strengthen economic cooperation with Africa.
Online Bus ticketing system, QuickBus has entered the Kenyan market.
Itron, Inc. has has expanded its collaboration with Equinix, a global interconnection and data center company, and opened a multi-million-dollar data center in Europe.
Nearly seven years ago, when I became president of Yale University, five of the top twelve-and eleven of the top twenty-of the world’s fastest growing economies were in Africa.
Liquid Telecom South Africa has partnered with Qorus, a sales and marketing enablement platform, to enable cloud channel partners to locate, create, collaborate and track sales content.
Nutanix has announced the retail industry findings of its second Enterprise Cloud Index Report, measuring retailers’ plans for adopting private, hybrid and public clouds.
Netskope, a player in cloud security, has announced the opening of a dedicated data centre in Johannesburg, South Africa.
African economic research has received a leg up from UNCTAD after it signed a new agreement to collaborate with the Nigeria-based Centre for the Study of the Economies of Africa (CSEA).
Further expanding its footprint in Africa, Andersen Global announced it has signed a Collaboration Agreement with Tunisia-based tax firm Jelil Bouraoui & Associates.
Africa Sokoni has entered into a partnership with Nigeria’s e-commerce platform Bolorims.com as they celebrate their second anniversary.
Standard Chartered has announced the launch of SC GPI Track, a publicly accessible portal that offers the ability to trace all cross-border payments.
The African Export-Import Bank (Afreximbank) has received the certificate of occupancy for a five-hectare plot of land granted to it by the government of Imo State of Nigeria
Actifio, the pioneer of multi-cloud copy data management software, has been chosen to provide comprehensive data backup and application development support for KCB Group.
Africa will have 47.26 million pay TV subscribers by 2025, up from 30.7 million at end-2019 according to the recent report by Research and Markets.
The Middle East and Africa (MEA) PC monitors market saw year-on-year growth of 7.2 per cent in units and 3.2 per cent in value during the third quarter of 2019, according to the latest insights from International Data Corporation.
RwandAir customers could now save from their ticket purchases due to a new partnership with Optiontown.
The Egyptian government has approved of Uber’s move to acquire Dubai-based ride-share company Careem for $3.1 billion.
The Ghanaian government wants to raise $3 billion from its diaspora to finance development projects in agriculture, infrastructure, and tourism, the Finance Minister Ken Ofori-Atta announced last week.
The Nigerian National Petroleum Corporation has announced a trading surplus of ₦13.23billion in October 2019, representing an increase of 54 percent vis-à-vis the ₦8.59billion surplus posted in September last year.
Smartphone giant Vivo has partnered with OPPO and Xiaomi to bring an innovative new wireless file transfer system to consumers around the world.
African borders are often porous with a significant volume of informal trade being done outside formal crossings.
Despite security challenges experienced by the Economic Community of West African States, growth within the region hit 3.3% while investments from development agencies like the African Development Bank rose to $20 billion.
Sparkle, the first international service provider in Italy and among the top ten global operators, has announced the expansion of its African backbone with a new Point of Presence (PoP) in Lagos, Nigeria.
Telecommunication company Expresso has announced the launch of an online portal which will enable the Expresso subscribers in Senegal to buy and add the airtime and data bundles to their prepaid account digitally.
Twenty-five newly-trained young digital professionals have graduated from the first-ever SAP Young Professional Program held in Ethiopia in partnership with GIZ.
As the global recession gathers strength, most African economies are relatively unaffected owing to the strength of economic diversity in some regions.
[Algeria] Arab Petroleum Investments Corporation provides $250m loan facility to Sonatrach Petroleum
The Arab Petroleum Investments Corporation has agreed to two loan facilities worth a combined USD 250 million with Sonatrach Petroleum Investment Corporation, the Algerian state-owned national oil company.
The Nigerian National Petroleum Corporation has announced crude oil and gas export sale of $355.93million in September 2019, indicating a significant increase of 52.84 per cent.
Cloud service provider G-Core Labs has opened a new point of presence for its network infrastructure in Johannesburg, South Africa.
In October 2019, during the tenth Africa Forward Together (AFT) forum in Mauritius a special workshop called “Meeting of Minds” session leveraged the insight of over 35 C-level and senior banking leaders across the African region and beyond.
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Kenya Reinsurance Corporation Limited (Kenya Re) (Kenya). The outlook of these Credit Ratings (ratings) is stable.
Kenyan start-up Alternative Circle has been recognized as one of the top fintechs in a first ever survey on the emerging industry, globally.
On-demand Technology delivery firm Glovo has announced a Sh16.7 billion, approximately $166 million, in Series E funding.
Opera and Mdundo, a leading African music sharing platform, have announced that Opera Mini users can now, for free, listen to and download their favourite songs from the most recognized artists in nine African countries.
dLocal, a fintech company that specializes in cross-border payments for emerging markets, has expanded its payments network to include Nigeria and South Africa.
Carbon, Nigeria’s digital financial services company, has launched in Kenya.
AfriLabs, the pan-African network of tech and innovation hubs, has launched the AfriLabs Capacity Building Programme
The USD/ZAR pairing (signifying the number of South African Rand needed to comprise one U.S. dollar) is not counted among the "major" pairs in forex trading. However, this doe no't mean that it hasn't garnered a lot of attention over the years.
Telecommunications and mobile services provider Airtel Africa has announced the intention to undertake an initial public offering of its local business, Airtel Malawi plc.
Three development partners have presented a digital application at the COP 25 climate conference in Madrid to help African countries grappling with the simultaneous implementation of key global initiatives.
With the announcement of the acquisition of BON Hotels by ONOMO Hotels, the hospitality industry on the African continent is set for a major shake-up. ONOMO Hotels has acquired a 60, 1% controlling stake in BON Hotels.
The new branch office being opened by the African Export-Import Bank (Afreximbank) in Yaounde will serve as the Bank’s gateway to the Central African region.
Facebook has released its ‘2019 Year in Review’ infographic, showcasing just some of its investments across Sub-Saharan in 2019.
Visa and the pan-African fintech leader MFS Africa have announced a partnership that will help bridge the gap between the rapidly growing mobile money ecosystem in Africa.
The African Export-Import Bank (Afreximbank) is in the process of identifying projects in the key sectors of Cameroon to assist the country to achieve a rapid transformation of the economy through trade.
Vodafone Egypt, part of the British multinational telecommunications conglomerate, has topped the list of the best places to work in Egypt for 2019.
Pioneer Consulting and MainOne complete branch link on submarine cable network connecting West Africa and Europe
MainOne has announced the achievement of Provisional Acceptance for its latest submarine fiber optic cable network which links Senegal and Côte d'Ivoire to the trunk.
International Organization for Migration Nigeria partners with Google to train returnees in digital skills
The International Organization for Migration (IOM) has been partnering with Google Nigeria to conduct IOM’s first Digital Skills Training for returnees and potential migrants in Benin City, Edo State and Ikeja, Lagos State.
Cars45, Nigeria's automotive trading platform, has launched into Ghana and Kenya.
Amazon company, PAYFORT has partnered with DHL Express to allow DHL express customers across the North Africa complete shipment payments online in their local currencies via debit and credit cards.
The U.S. Trade and Development Agency awarded a feasibility study grant to the Egyptian Petrochemicals Holding Company (Echem), for what will be Egypt’s first polyoxymethylene (POM) plant.
Global Credit Rating (GCR) has announced an upgrade of the African Export-Import Bank’s (Afreximbank) long-term international scale rating from BBB+ to A-.
On the occasion of her first official visit outside Europe, the new President of the European Commission, Ursula von der Leyen, announced in Addis Ababa, a significant boost to the EU's cooperation with Ethiopia.
The European Commission (EU) announced two new programmes totalling €31 million to boost investment and create jobs in Kenya.
Consumer spending on technology in the Middle East and Africa (MEA) is forecast to total $130.8 billion this year, a year-on-year increase of 4.1%.
Top Employers Institute, a global organization dedicated to accelerating the impact of people strategies to enrich the world of work, has announced Africa’s Top Employers for 2020.
The African Development Bank's flagship initiative, Fashionomics Africa, has launched the pilot phase of a digital marketplace to help Africa's fashion designers, textile and accessories professionals connect with global markets.
New research from International Data Corporations shows that the African smartphone market saw shipments increase 4.0% quarter on quarter in Q3 2019 to total 22.6 million units.
It’s almost a science to get the supply chain operating just right as business owners need to factor in everything from shipping (import and exports), the manufacturing process, inventory, materials, logistics, and more.
The Rockefeller Foundation and All On, a Nigerian off-grid energy impact investment company funded by Shell, have announced the launch of the All On Hub,
Zensar has partnered with Education Africa in its education and skills development program for underprivileged local students.
Numerous changes continue to shape Kenya’s haulage industry as industry players seek to streamline the process of transporting goods across the continent.
Djibouti Telecom, Somtel, Telkom Kenya and SubCom have announced that all manufacturing aspects for the Djibouti Africa Regional Express 1 (DARE1) submarine cable system are complete.
Worldwide spending on augmented reality and virtual reality (AR/VR) is forecast to be $18.8 billion in 2020, an increase of 78.5% over the $10.5 billion International Data Corporation (IDC) expects will be spent in 2019.
The Department of Trade and Industry (the dti), will launch the Specialised Industrial Facility (SIF) at the Ekurhuleni East Technical Vocational Education and Training (TVET) College, in Springs, Gauteng on Friday, 6 December 2019.
COMESA has provided $13,000 worth of assorted state of the art Information Technology (IT) equipment to the Zambia Statistics Agency (ZAMSTATS) to support data collection for small scale cross border traders.
Game-changing entrepreneurs in the digital and technology space are turning problems into business opportunities, creating jobs and improving lives.
Africa Finance Corporation has announced the accession of Eritrea as its 24th member state. This decision was ratified by His Excellency, Isaias Afwerki, President of Eritrea.
The European Union and COMESA signed 8.8 million Euros Contribution Agreement to increase private sector participation in sustainable regional and global value chains.